With Nvidia up over 154% year to date, Stifel managing director and chief equity strategist Barry Bannister joins Morning Brief to give insight into Nvidia's...
With Nvidia up over 154% year to date, Stifel managing director and chief equity strategist Barry Bannister joins Morning Brief to give insight into Nvidia 's and a number of other big cap stocks, is their PE multiple was too high and they earned into it over the course of the next 15 years. So the earnings went up dramatically, as was expected. This happened with the nifty 50 stocks in the early 70s. They earned very well, but their PE multiples were too high ...
So what is it about NVIDIA that you're seeing that makes you a bit worried that this could end up like the next, next cisco.Uh But the valuation difference, you know, consider that semiconductors are capital goods, they're very small short cycle, early cycle capital goods. So the build out will not be a continuous process that you can discount over 45 times earnings, um over 45 years even with growth.The other is that if on NVIDIA specifically, uh it's called the second derivative, the change in the rate of change of analyst EBD a revisions.So if you look at the year to year change of NVIDIA stock, it's the year to year change of the change.
So what we think is the stocks, year to year change will diminish, it'll still be positive, but it looks for a correction.
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